Learn from other person's mistakes

[Farhan99]

There's a popular saying that experience is the best teacher but honestly, the best teacher is learning from other person's mistakes. So to the newbies, I know you've been warned umpteen times not to click on phishing links and not to give unknown website permission to your wallet, but it's not a bad idea to bring it up again. My goal is that it sinks into your head and saves someone.

This is a sad experience of a crypto investor who lost a whooping 8.6 ETH to a scammer, when he clicked a phishing link and granted it authorization to access his wallet because he wanted to participate in an airdrop.

LESSONS LEARNT:

• Don't give authorization to unknown websites to access your wallet.
• if you've large amount of funds, keep in a cold storage.
• If you're the type that's interested in airdrops, have a separate or dedicated wallet for it, do not use the wallet where you've most of your funds.

You are right learning from other mistakes is best for beginners to excel in every field of life. I read your story and It's a very sad experience Lossing this big amount is not a cup of tea. May god bless you with more power and you have to recover your loss every new user has had a good experience from this incident and saving the main wallet from the phishing link is good advice for newbies.

[nakamura12]

When someone learned from a mistake and he/she shared his/her mistake like in the forum for example then those who will read it then they will learn something that they should avoided but it's not always like that where you learned from someone's mistake because you may/might make a mistake yourself and learned from it or maybe not at all. There's a reason why we must make ourselves secured like increasing your wallet's security, high/good privacy by avoiding exchanges that requires KYC, etc.

[Nheer]

There's a popular saying that experience is the best teacher but honestly, the best teacher is learning from other person's mistakes.

Though learning is very important but I would have to disagree that learning is the best teacher. In my opinion experience teaches more than learning on your own because learning from experience leaves a scar that will always be remembered and when such situations want to occur again it will be easier to prevent it because you have experienced it before but the same cannot be said when you learn from other people’s mistakes, you may also do same mistake probably as a result of forgetfulness because it didn’t happen to you yourself. Having both is the best way to teach ourselves.

This is a sad experience of a crypto investor who lost a whooping 8.6 ETH to a scammer, when he clicked a phishing link and granted it authorization to access his wallet because he wanted to participate in an airdrop.

I am surprised as to how a person who holds such an amount of crypto will still want to participate in airdrops and not be aware of the dangers of clicking phishing links. Airdrops are mostly scam nowadays and the percentage of seeing a legit airdrop is almost zero and every crypto enthusiasts should be aware this. To participate in airdrops we are not even expected to participate using the wallet we store our assets, we should have a separate wallet for airdrops to prevent scam attacks.

[Nothingtodo]

People have to learn something new through mistakes, especially if someone makes a mistake in the Bitcoin forum, then learn something new by learning from the criticism of that mistake. If for some reason the private matters of the wallet are forgotten or hacked, it is necessary to learn the remedies or prevention measures. Also learn how to never get a wallet hacked and make yourself aware of the possible reasons for getting hacked. Always be aware of updated news and properly informed about how to save wallet. Avoid downloading anything or connecting wallets from bogus links.

[Shamm]

People have to learn something new through mistakes, especially if someone makes a mistake in the Bitcoin forum, then learn something new by learning from the criticism of that mistake. If for some reason the private matters of the wallet are forgotten or hacked, it is necessary to learn the remedies or prevention measures. Also learn how to never get a wallet hacked and make yourself aware of the possible reasons for getting hacked. Always be aware of updated news and properly informed about how to save wallet. Avoid downloading anything or connecting wallets from bogus links.

For me someone's mistake is Their own mistakes and the can learn it but if They are going to share that mistakes in forum like this then as a reader it is serve as a guidance that I will not do it like that cause if I do then one thing for sure I will regret it . But if I have a mistake on my own then  I will learn a lot and that is my perspective. Anyways we have different thoughts in life so some of us they learned many things in life through others which is good cause we all know that if could someone teach us then we will have knowledge on that thing.

[Kelvinid]

It makes no sense and a stupid decision be made if we invest a huge amount in something like Bitcoin which we don't have knowledge about this.
Because I couldn't imagine someone can afford to lose their money. So, therefore, we don't just know how to buy but also, we must know how to secure our funds as well.

We don't need to wait for other people to speak and tell us that we are wrong or make those people an example but rather be prepared and aware of scam issues. We can avoid this situation if we think more times before deciding to trust people. Scams are everywhere, and it is possible we become their target but they will fail if we are too keen to check the legitimacy of the site and project.

[Moreno233]

I think this should be about the fastest way to learn. Most learning processes are actually documented mistakes and experiences of others. Scientific evolution also follow similar pattern, that is why there is always improvements and optimizations of scientific systems and processes. Mistake is surely how knowledge is transferred and being wise require we are able to draw the lesson in the mistake of others.

[Outhue]

Advising people to only keep a large amount of funds in a cold storage is a waste of time, you will see someone who will claim that they store thousand of dollars worth of asset in a mobile wallet and nothing bad happen for many years.

Some even claimed that the difference between a hardware wallet and a mobile wallet isn't much as you only need to keep your recovery seed safe, let everyone do what they like with their properties and assets, I have learn to stop telling people what to do, what could actually go wrong if they don't listen?

People only learn after they make mistakes, let's allow mistake to be the teacher for everyone, it seems like this is what they need.

[HelliumZ]

If someone's mistake is seen and something is learned from that mistake then that kind of mistake will not be repeated in the future. Assuming that a user used the wrong address to send bitcoins, the mistake will not be repeated. People will always learn something positive from these mistakes and will not repeat this learning in themselves for a long time. And if someone accidentally deletes his bitcoin wallet without saving the security system of the wallet, he can't recover his bitcoins, but people will learn something positive from such a mistake that won't happen again.

[Luzin]

If someone's mistake is seen and something is learned from that mistake then that kind of mistake will not be repeated in the future. Assuming that a user used the wrong address to send bitcoins, the mistake will not be repeated. People will always learn something positive from these mistakes and will not repeat this learning in themselves for a long time. And if someone accidentally deletes his bitcoin wallet without saving the security system of the wallet, he can't recover his bitcoins, but people will learn something positive from such a mistake that won't happen again.

Learning from others' mistakes is very good. But learning how to eliminate mistakes is also very good. Everyone must be thinking, I must not make mistakes like that person. But sometimes the mistake is beyond our prediction. So mistakes can still happen to us, even though we have worked hard to minimize mistakes. But I believe the more people know or learn, the more they will be careful and always plan systematically. But when there are people who have experienced their own mistakes, then they will remember a lot more and try not to repeat.

[spiker777]

Blaming the wallet for a personal mistake makes me realize how much this person is aware of what is happening around him in the real world.

in my opinion, that was a valid criticism or blame (whatever you called that) towards the Wallet which was Exodus for him. but that is the same in every wallet, I don't know if it is possible or not, but if the noncustodial and web3 wallets could really give us a warning about the transactions we are signing, that could save a lot of people from getting scammed like this.
And that is not just a newbie problem. I've seen/heard of pro-crypto people getting scammed because scammers are becoming very smart day by day and sometimes they hack official platforms' social media platforms or email addresses so sometimes it is really not easy to tell if that is a scam or not.

The best thing we can do is to use a separate wallet for Airdrop activities and always transfer anything you earn to a safe wallet.

[Taskford]

If someone's mistake is seen and something is learned from that mistake then that kind of mistake will not be repeated in the future. Assuming that a user used the wrong address to send bitcoins, the mistake will not be repeated. People will always learn something positive from these mistakes and will not repeat this learning in themselves for a long time. And if someone accidentally deletes his bitcoin wallet without saving the security system of the wallet, he can't recover his bitcoins, but people will learn something positive from such a mistake that won't happen again.

Learning from others' mistakes is very good. But learning how to eliminate mistakes is also very good. Everyone must be thinking, I must not make mistakes like that person. But sometimes the mistake is beyond our prediction. So mistakes can still happen to us, even though we have worked hard to minimize mistakes. But I believe the more people know or learn, the more they will be careful and always plan systematically. But when there are people who have experienced their own mistakes, then they will remember a lot more and try not to repeat.

Its good for the fact that we can minimize the possible risk that we encounter especially for losing a lot of money since we already learn a valuable lesson from other people and avoid those mistakes that they have done. Its truly great that we have forum to discuss all things especially the experience of other people thru anything they are trying to go from either on investment or any related to financial situations.

Although there are other people doesn't learn from other experience and ignore but if they experience the same worse situation then lose a lot of money for sure they would talk about how fool they are for not listening some people advice and if they just manage to listen on anything related to that risk for sure they can avoid losing those money that they can afford to lose in their pockets.

[Su-asa]

It shows that one is ready improve when he's learning from from other people's mistakes because he will also not want to be a victim of such a revolting issue.
Moreover, as a beginner on crypto currency investments or business you must be a person that's aways keep vigilant on scam or links that's flying. Sorry to hear this.

[AirtelBuzz]

It shows that one is ready improve when he's learning from from other people's mistakes because he will also not want to be a victim of such a revolting issue.
Moreover, as a beginner on crypto currency investments or business you must be a person that's aways keep vigilant on scam or links that's flying. Sorry to hear this.

Only humans make mistakes. Everyone doesn't want to make a mistake and suddenly make a mistake. People who learn from mistakes and make themselves more experienced make fewer mistakes. A man cannot become experienced in anything from the initial state, in some or the other he must make mistakes and we have to learn from those mistakes and vow not to make mistakes in the future. Even if we are wrong in many cases we can gain new experience from there to correct ourselves.

[Youngkhngdiddy]

It shows that one is ready improve when he's learning from from other people's mistakes because he will also not want to be a victim of such a revolting issue.
Moreover, as a beginner on crypto currency investments or business you must be a person that's aways keep vigilant on scam or links that's flying. Sorry to hear this.

Only humans make mistakes.Everyone doesn't want to make a mistake and suddenly make a mistake.People who learn from mistakes and make themselves more experienced make fewer mistakes.A man cannot become experienced in anything from the initial state, in some or the other he must make mistakes and we have to learn from those mistakes and vow not to make mistakes in the future.Even if we are wrong in many cases, we can gain new experience from there to correct ourselves.

To be honest that's a lot of money for one to lose on a festive period, I wonder how the scam victim felt when he realized that he's been scammed, ignorance have really put people in a he'll lot of trouble and I believe that person have learnt from his experience and would never make such mistake again. Atleast he'll be very careful henceforth and would try to do a proper research next time before going into any project. We're humans quite alright but we should be able to learn from our mistakes so as not to repeat same thing in future.
 However sometimes people are aware of the risk they're about to take but then decide to depend on luck, we'll this should be an example to those that claim to be risk takers (not only newbies) but everyone here to be careful of certain risks and also make proper research about a project before venturing into it, there's a saying that "once beaten twice shy".

[Zoomic]

It shows that one is ready improve when he's learning from from other people's mistakes because he will also not want to be a victim of such a revolting issue.
Moreover, as a beginner on crypto currency investments or business you must be a person that's aways keep vigilant on scam or links that's flying. Sorry to hear this.

Many newbies would rather ignore warning signs and learn from  their own mistakes instead of learning from other people's mistakes. Most times, their actions are not deliberate. They ignore warning signs when they do not pay attention to other people's experiences, they don't bother reading security tips because they keep assuring themselves that they are capable of protecting themselves from scammers. Scammers are not relenting in any way. Everyday they keep devising new means of defrauding people. We too should not relent in being vigilant and keeping watch over our investments. Pay attention too to every details so we will not be victims of ignorance.

[tvplus006]

...The best thing we can do is to use a separate wallet for Airdrop activities and always transfer anything you earn to a safe wallet.

This is almost impossible to accomplish, since in order to receive a retrospective airdrop, you will need not only to make transactions on the blockchain, but also to place your funds on lending platforms. So having an empty wallet, you will definitely not eligible the rules when distributing airdrop.

[GeorgeJohn]

A problem someone in this forum indulging self into or involved in self into is not supposed to be affected to any other person that have known the rudiment of forum so he is not supposed to allow mistake of someone to affect you that is totally wrong because the mistake has already happened and they are supposed to learn from that mistake someone explained and also someone not it down so such a mistake supposed to be avoided and such mistake is not supposed to meet up our offspring in the community here

[Zanab247]

When someone learned from a mistake and he/she shared his/her mistake like in the forum for example then those who will read it then they will learn something that they should avoided but it's not always like that where you learned from someone's mistake because you may/might make a mistake yourself and learned from it or maybe not at all. There's a reason why we must make ourselves secured like increasing your wallet's security, high/good privacy by avoiding exchanges that requires KYC, etc.

You can learn from someone mistakes either by reading the person past direction he or she took that made such person to loose everything like the way they use to tell the crypto users to always write their seeds phrase down on a safe place because people have experienced negative things from such situations that made them to lose all their money for other users to learn from their mistakes.

There is a way you will make your wallet to be secure, nobody can hack your wallet because, all the details about that wallet are in your hands but the day you exposed the details to other people, you will start experiencing some negative things from your wallet.

[Patrol69]

We don't always learn from the success of others but we learn a lot from the failures of others. It is not that we only learn from the failures of others or the mistakes of others, but we learn more from our own failures than we do from the failures of others. 

To achieve success in life you must fail, once you succeed when you fail you will realize where you were wrong and where you should have corrected your mistakes. When you realize your mistakes and re-direct your activities for success, you will see that what happened to you is permanent and that success will last for you. Sometimes people around us do things that bring bad things to them and at that time we should learn from them so that we don't do the same mistakes in future. Just as the success of others teaches us, the failure of others teaches us a lot and we must try to take those lessons.